Positive Start For Sterling
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, No Deal, Prime Minister, Sterling, UK, Uncategorised
- January 7, 2020
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This Morning the pound has started on the right foot and has strengthened against most major currencies. That’s in part because the pound got a boost following the latest UK services PMI, which came in at 50.0 against the 49.1 expected and the 49.0 seen the previous month. A much-needed bit of positivity for the […]
READ MORETensions Increase Between USA and Iran – Dollar Volatile
- Posted by currencies in Currency, Dollar, Economy, EUR, Fed, GBP, Prime Minister, Sterling, UK, Uncategorised
- January 6, 2020
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Good Morning, With geopolitical tensions rising between the US and Iran it has been an interesting start to the new year. Last week we saw the price of commodities such as gold increase as investors were looking for a safe haven to hold their money in. What this means is if more investors are moving […]
READ MOREPound tumbles after hard Brexit fears resurface
- Posted by currencies in Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- December 18, 2019
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Britain’s pound tumbled , erasing its post-election gains, after news that Prime Minister Boris Johnson planned to take a hard line in Brexit talks with the European Union dashed hopes of an end to Brexit uncertainty. In his boldest move since winning a large majority in last Thursday’s election, Johnson will use the prospect of […]
READ MORELatest Poll Shows Tory Lead Narrowing
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Prime Minister, Sterling, UK, Uncategorised
- November 27, 2019
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Sterling fell as much as 0.3% in early London trading after a YouGov poll showed the Conservative party’s lead over Labour narrowing to 11 points. The poll was the third in a row to show the Conservative lead dwindling before Britain’s election on Dec. 12. The pound may also have been weakened by reports of […]
READ MORERates Steady After TV Debate
- Posted by currencies in Bank of England, Bremain, Brexit, Budget, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 20, 2019
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Sterling was slightly weaker against the dollar and largely flat versus the euro this morning, showing little immediate reaction to a debate between the leaders of Britain’s two main political parties ahead of next month’s election. Prime Minister Boris Johnson doubled down on his Brexit promises, saying only he could take Britain out of the […]
READ MOREAccording To Polls – Tories Lead By 14 Pts
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Sterling, UK, Uncategorised
- November 13, 2019
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The pound was slightly weaker against the U.S. dollar on this morning and stable against the euro, as weak economic data, which should hurt sterling, is more than offset by supportive political developments in Britain. Average weekly earnings rose at a weaker pace in the three months to September in the UK, but the pound […]
READ MOREPound Boosted By Election News
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 12, 2019
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Sterling was a big mover yesterday, jumping to a six-month high against the euro after the UK’s Brexit Party leader Nigel Farage said the party would not field candidates in next month’s election against PM Boris Johnson’s Conservative Part in seats where the latter already had a majority. That gave Johnson a better chance of […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Mark Carney, No Deal, Prime Minister, UK, Uncategorised
- November 11, 2019
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The pound rose 0.2% against a weakened dollar this morning after a flurry of UK data, including GDP figures. UK September Gross Domestic Product (GDP), manufacturing production, industrial output and goods trade balance data were all released this morning at 9:30am. All three came in weaker than the expectations, we saw I slight dip and […]
READ MOREMarket Update
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, EUR, GBP, Inflation, Mark Carney, No Deal, Prime Minister, Rate Cuts, Referendum, Sterling, UK, Uncategorised
- November 8, 2019
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Sterling fell to a two-week low after two Bank of England officials unexpectedly voted to cut interest rates this month and others said they would consider a cut if global and Brexit headwinds did not lift. The BoE said that its nine-member Monetary Policy Committee voted 7-2 to keep its key rate at 0.75%, in […]
READ MOREPound Could Drop by 2% on Election Results
- Posted by currencies in Bank of England, Bremain, Brexit, Currency, Dollar, Economy, election, Mark Carney, No Deal, Prime Minister, Referendum, Sterling, UK, Uncategorised
- November 7, 2019
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Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a new poll found. The pound has gyrated wildly since Britain decided in a June 2016 referendum to leave […]
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